03 July 2013 15:45 [Source: ICIS news]
As a result, larger plastics packagers are already thinking about leaving
Germany-based plastics packagers were exposed to “increasingly harsh international competition that essentially takes place via prices,” IK said.
In France, for example, competitors' electricity costs were only half as high as in Germany, and in the US electricity costs had dropped sharply because of that country's shale gas boom, the group said.
IK blamed in particular
"The current concept of the energy policy turnaround with its mad costs for industry and consumers that have run out of control must be stopped at once,” said IK managing director Ulf Kelterborn.
Developments on the international energy markets, in particular the US move to produce low-cost shale gas through hydraulic fracturing (fracking), showed “that the current German concept of the turnaround of energy policy will fail the international comparison of power prices,” Kelterborn added.
IK has more than 300 members and describes itself as the biggest trade association in
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